**SECTION 7. LIENS** 


 




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| 7.1 | Lessee shall ensure that no Liens are created or placed against the Aircraft by Lessee or third parties as a result of Lessee’s or its agents’ or
representatives’ action or inaction. Lessee shall notify Lessor promptly upon learning of any liens not permitted by these terms. Lessee shall, at its own cost and expense, take all such actions as may be necessary to discharge and satisfy in
full any such lien promptly after the same becomes known to it.  |

 **SECTION 8. INSURANCE** 


 




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| 8.1 | **Liability.** Lessor shall maintain, or cause to be maintained, bodily injury and property damage, liability insurance in an amount no less than Two Hundred and
Fifty Million United States Dollars (USD$250,000,000.00) Combined Single Limit for the benefit of itself and Lessee in connection with the use of the Aircraft. Said policy shall be an occurrence policy and shall include Lessee as an operator and an
Additional Named Insured.  |

  




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| 8.2 | **Hull.** Lessor shall maintain aircraft hull insurance in the amount of Forty-Five Million United States Dollars (US$45,000,000.00) which the parties agree
shall be deemed to be the full replacement value of the Aircraft, and such insurance shall name Lessor and any first lien mortgage holder as loss payees as their interests may appear. Said policy shall contain a waiver of subrogation clause in favor
of all Additional Named Insureds.  |